The Long Investor

$SPY TOP 20

Added 2023-06-11 18:20:46 +0000 UTC

On the $AAPL chart I spoke about how this is at an important junction here at the historical 0.618 Fib, Golden Ratio line, which is the middle blue line here and the previous high.

This is an important line to break above and hold, so far it has rejected but the momentum is still here, the bulls could claim it this week, above $430 and holding and the upside potential is hitting $500 by the end of the year possibly.

A hard rejection at this line and everything changes, a corrective wave ending high like this is met by 5 waves down....so far, the bulls have stepped in for every test....I do not see any clear catalyst right now that can stop this momentum but the market will decide and the Fib levels are very important.

Let's see how this opens on Monday.